Sources say Toyota will initially produce about 100,000 of the vehicles a year, with domestic sales still a possibility. The iQ measures only 2.98 meters in length, making it roughly 80 cm shorter than the Yaris.
For more information on the iQ click here.
Will it make its way to Australia? There is no official word from Toyota Australia yet, but with the Nissan Micra coming back, Suzuki set to introduce a light car and even Holden thinking about the new Daewoo Matiz, it would make sense.
Toyota Australia has been contacted for comment.